The co-founder of Bitmex, Arthur Hayes, unloads its Altcoin positions, believing that the cryptography market will be attended this month.
In a new article on the X social media platform, the Blockchain Lookonchain Blockchain followed Hayes selling millions of dollars from Ethereum (ETH) as well as the same Pepe (PEPE) and the Stablecoin Ethena (ENA) project.
“Arthur Hayes sold 2,373 ETH ($ 8.32 million), $ 7.76 million ($ 4.62 million) and 38.86 billion PEPE ($ 414,700)…”
The crypto veteran says that he sells his altcoins because he thinks that the T3 will be a period of slow economic growth. Hayes thinks that monetary policies are not loose enough to stimulate the economy, especially with Trump’s prices on the horizon.
According to Hayes, macroconds are ripe to trigger significant retractions for Bitcoin (BTC) and Ethereum.
“For what? Us to come to come in 3q… at least the market estimates that after printing the PNF (non -agricultural payroll).
Despite its short -term downside on the crypto, Hayes thinks that the asset class is still in a high rise up
At the end of last month, he unveiled his end -of -year price objectives for Bitcoin and Ethereum.
“My end -of -year targets:
Bitcoin = $ 250,000.
Ether = $ 10,000. »»
At the time of writing time, Bitcoin is negotiated at $ 113,197, while ETH is worth $ 3,420.
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